Category Archives: Weekly Financial News

Southland Home Sales Up, Foreclosures Down

Posted on November 15, 2012 by Popular Economics Weekly

The Mortgage Corner Southern California home sales rose sharply in October as move-up buyers joined investors, according to San Diego-based DataQuick, shifting the mix of homes selling upward as foreclosure resales hit a five-year low. Southern California’s real estate market … Continue reading →

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Next 4 Years—Back to the Future

Posted on November 10, 2012 by Popular Economics Weekly

Financial FAQs President Obama’s victory means it’s Back to the Future for economic as well as social policies. It means he now has the mandate to implement what the electorate chose him for—a functioning government to not only fix disasters … Continue reading →

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It’s the Consumers Turn

Posted on November 8, 2012 by Popular Economics Weekly

Popular Economics Weekly We know that consumers will continue to push economic growth this fall and winter for several reasons. Firstly, the Bureau of Labor Statistics monthly JOLTS report showed 3.6 million job openings (yellow line), and more than 4 … Continue reading →

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More Jobs Equals Happier Consumers

Posted on November 5, 2012 by Popular Economics Weekly

Popular Economics Weekly It is not secret by now that whoever convinces the majority they are the best jobs creator will win the Presidential election. Today’s 171,000 payroll increase with upward revisions for the past 2 months may tilt things … Continue reading →

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Two Percent Growth Isn’t ‘New’ Normal

Posted on October 31, 2012 by Popular Economics Weekly

Popular Economics Weekly There are many ways to look at the “weak” 2 percent growth numbers for Q3, though just the ‘Advance Estimate’ and so subject to at least 2 more revisions. But such weak growth isn’t due to excessive … Continue reading →

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U.S. Economy Is In Recovery

Posted on October 29, 2012 by Popular Economics Weekly

Popular Economics Weekly I mentioned last week that the U.S. economy is now growing faster than the rest of the developed world. How can that be, you say, with all the election propaganda saying the recovery has been a failure?  … Continue reading →

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New-Home Sales, Mortgages Boosting Growth

Posted on October 25, 2012 by Popular Economics Weekly

The Mortgage Corner Following the 15 percent housing construction bump in September, new-home sales rose 11.7 percent and are up 27 percent over September 2011, as inventories have shrunk to a meager 4.5 months, especially at the affordable level. The … Continue reading →

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Better Growth and Jobs Ahead?

Posted on October 23, 2012 by Popular Economics Weekly

Popular Economics Weekly The U.S. economy is now growing faster than the rest of the advanced economies. And the Fed just announced it will discuss a possible expansion of the size of its third round of bond buying (QE3) and … Continue reading →

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President Obama’s Record Achievements

Posted on October 22, 2012 by Popular Economics Weekly

Financial FAQs Why so many doubters of the President’s record? Candidate Romney would have us believe Obama has accomplished nothing, but in fact President Obama has one of the most history making legislative records since FDR. The Washington Monthly lists … Continue reading →

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Housing Construction, Retail Sales Surge

Posted on October 18, 2012 by Popular Economics Weekly

The Mortgage Corner Another sign that the economy is finally recovering—new housing starts surged 15 percent, to their highest levels since 2008 and the beginning of the Great Recession. This is boosting construction employment in particular, but also finance, insurance … Continue reading →

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